ENERGY STORAGE

US battery company SorbiForce completes $340,000 Republic crowdfunding

May 10, 2024

Arizona-based battery technology company SorbiForce has announced the closure of its crowdfunding campaign on Republic, raising $340,000 from 537 investors across 38 countries.

The funds raised will enable SorbiForce to continue patenting and begin the certification process, optimise manufacturing processes, expand its expert team, and scale production.

“This capital infusion is a critical step towards commercialising its sustainable energy storage solutions, which will drive positive environmental impact and support a more sustainable future,” a statement said.

SorbiForce says its technology “utilises its own ultra-porous carbon, water, and salt to develop sustainable battery storage systems”.

“We are thrilled by the overwhelming support and enthusiasm we’ve received from a global community of investors throughout our Republic crowdfunding campaign,” said Serhii Kaminskyi, founder and CEO of SorbiForce. “This successful fundraising round not only validates the potential of our innovative technology but also underscores the urgent need for sustainable energy solutions. With this funding, we are well-positioned to accelerate our development efforts and bring our ground-breaking battery technology to market.”